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Developing Economic Lithium in Nevada

Developing Economic Lithium in Nevada - Iconic Minerals Ltdiconicminerals.com/wp-content/uploads/2018/...18.pdf · several discoveries including recent finds at Fire Creek Mine, Nevada,

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Page 1: Developing Economic Lithium in Nevada - Iconic Minerals Ltdiconicminerals.com/wp-content/uploads/2018/...18.pdf · several discoveries including recent finds at Fire Creek Mine, Nevada,

Developing Economic Lithium in Nevada

Page 2: Developing Economic Lithium in Nevada - Iconic Minerals Ltdiconicminerals.com/wp-content/uploads/2018/...18.pdf · several discoveries including recent finds at Fire Creek Mine, Nevada,

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CAUTIONARY STATEMENTThis presentation contains forward-looking statements including but not limited to comments regarding thetiming and content of upcoming work programs, geological interpretations, receipt of property titles,potential mineral recovery processes, etc. Forward-looking statements address future events and conditionsand therefore, involve inherent risks and uncertainties. Actual results may differ materially from thosecurrently anticipated in such statements. All statements, other than statements of historical fact, included inthis presentation, and Iconic’s future plans are forward-looking statements that involve various risks anduncertainties. There can be no assurance that such statements will prove to be accurate, and actual resultsany future events could differ materially from those anticipated in such statements. Forward-lookingstatements are based on the estimates and opinions of management on the date the statements are madeand Iconic does not undertake any obligation to update forward-looking statements should conditions ormanagement's estimates or opinions change.

The information contained in this presentation had been obtained by Iconic Minerals Ltd. from its own recordsand from other sources deemed reliable. Data included herein has been reviewed by Qualified Persons asdefined by National Instrument 43-101. While all of the historical data is considered complete and theprocedures followed appear to be reliable the Company has not completed the necessary work to verify it. Norepresentation or warranty is made as to its accuracy or completeness and therefore should not be reliedupon.

Page 3: Developing Economic Lithium in Nevada - Iconic Minerals Ltdiconicminerals.com/wp-content/uploads/2018/...18.pdf · several discoveries including recent finds at Fire Creek Mine, Nevada,

23,000 acres controlled

35 square miles potential resource

100% owned by ICM

Three holes drilled and completed

Initial water permits approved by BLM

Signed license agreement with a proprietary extraction technology

High percentage recoveries and high lithium values

3

BONNIE CLAIRE PROJECT

Page 4: Developing Economic Lithium in Nevada - Iconic Minerals Ltdiconicminerals.com/wp-content/uploads/2018/...18.pdf · several discoveries including recent finds at Fire Creek Mine, Nevada,

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ALBEMARLE SILVER PEAK MINE

(Clayton Valley)

BONNIE CLAIRE(23,100 ACRES OF

GRAVITY DENSITY LOW)

> 500 ppm BRINE AT SURFACE

LITHIUM BRINE EVAPORATE SAMPLE

TOPOGRAPHICAL LOW(POTENTIAL EVAPORATION

POND SITE)

BONNIE CLAIRE PROPERTY LOCATION

Page 5: Developing Economic Lithium in Nevada - Iconic Minerals Ltdiconicminerals.com/wp-content/uploads/2018/...18.pdf · several discoveries including recent finds at Fire Creek Mine, Nevada,

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BONNIE CLAIRE PROPERTY LOCATION

Silver Peak Lithium Plant; Albemarle (Clayton Valley)

N

30 miles

Las Vegas

Town of Beatty

Bonnie Claire Property (Sarcobatus Flats)

Las Vegas

Beatty

Silver Peak

Bonnie Claire

Nevada

1 ½ times larger than Clayton Valley

Smith Creek

Size of gravity low

Page 6: Developing Economic Lithium in Nevada - Iconic Minerals Ltdiconicminerals.com/wp-content/uploads/2018/...18.pdf · several discoveries including recent finds at Fire Creek Mine, Nevada,

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BONNIE CLAIRE WORK ON PROJECT

U.S.G.S gravity survey; defined Bonnie Claire basin

U.S.G.S surface evaporate sampling; up to 500ppm Li assayed

Magneto Telluric (MT) geophysical survey June 2016

BC1601 drilled and cased; TD 1560 ft (475 m)

BC1602 drilled and cased; TD 1980 ft (602 m)

BC1701 drilled; 300 ft (91.4 m)

BC1601 leachate recoveries up to 98% Lithium in sediments, up to 2260 ppm Li and up to 1790ppm Li in drill cuttings from BC1602 (initial leach tests pending )

Page 7: Developing Economic Lithium in Nevada - Iconic Minerals Ltdiconicminerals.com/wp-content/uploads/2018/...18.pdf · several discoveries including recent finds at Fire Creek Mine, Nevada,

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BONNIE CLAIRE PROJECT GEOPHYSICS

Aerial extent of interpreted brine horizon

- - - fault line

A-B MT geophysics line

Interpreted brine horizon

Higher resistivity materialA

B

0

400

1100

800

Basement

Basement Basement

0.50.5

N

1 mi

0.5

A B

Page 8: Developing Economic Lithium in Nevada - Iconic Minerals Ltdiconicminerals.com/wp-content/uploads/2018/...18.pdf · several discoveries including recent finds at Fire Creek Mine, Nevada,

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BONNIE CLAIRE DRILLING PROGRAM

3 drill holes

Totalling 1740 m/ 5,800 ft

Drilling completed

Aerial extent of brine horizon

#1

#2

#3

N

1 mi

Page 9: Developing Economic Lithium in Nevada - Iconic Minerals Ltdiconicminerals.com/wp-content/uploads/2018/...18.pdf · several discoveries including recent finds at Fire Creek Mine, Nevada,

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LEACHATE RECOVERIES BC1601

Sample

Description

(BC1601 )

Sediment

Assay Li

(ppm)

Leachate

Assay Li

Recovered

(ppm)

Recovery

(%)

440-460' 1420 1390 98

780-800' 1220 1130 93

1220-1240' 2550 2260 89

Three samples from different elevations of 1560 ft (475 M)

Continuous lithium bearing mineralization throughout hole

Volcanic based sediments highly leachable; NOT Clay

Page 10: Developing Economic Lithium in Nevada - Iconic Minerals Ltdiconicminerals.com/wp-content/uploads/2018/...18.pdf · several discoveries including recent finds at Fire Creek Mine, Nevada,

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POTENTIAL VOLUMETRICS

1.1 Billion tons (short) of Li (0.1%)

2.3 Billion pounds per square mile (resource potential of 6-8 square miles)

Note: Calculations and assumptions used are based on conservative triangulation from the three holes drilled and are only approximations at this point in time

Page 11: Developing Economic Lithium in Nevada - Iconic Minerals Ltdiconicminerals.com/wp-content/uploads/2018/...18.pdf · several discoveries including recent finds at Fire Creek Mine, Nevada,

BONNIE CLAIRE SUMMARY

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1. 100% ownership It’s all ours!

2. Large resource potential 35 sq miles of potential resource

3. High recoveries and Li values from sediments

4. Lithium bearing brines 20 feet below surface (100 ppm)

5. Acquisition of water rights on first 3 production wells approved No Clayton Valley type issues

6. Signed license agreement with proprietary extraction technology

7. Additional lithium brine properties; geothermal hotsprings with brines near surface

8. Additional commercially viable by-products

Page 12: Developing Economic Lithium in Nevada - Iconic Minerals Ltdiconicminerals.com/wp-content/uploads/2018/...18.pdf · several discoveries including recent finds at Fire Creek Mine, Nevada,

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St-Georges (SX) - proprietary mineral extraction process technology (patent pending)

Utilizes solvent extraction, pyrometallurgy and precipitation

Ability to extract lithium carbonate/hydroxide from lithium bearing sediments

Ability to extract other commercially viable minerals from the sediments

Iconic’s New Research and Development partner (News Release; August 10, 2017)

http://st-georgesplatinum.net/?page_id=1016

Page 13: Developing Economic Lithium in Nevada - Iconic Minerals Ltdiconicminerals.com/wp-content/uploads/2018/...18.pdf · several discoveries including recent finds at Fire Creek Mine, Nevada,

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NEAR & MIDTERM TARGETS – BONNIE CLAIRE

Stage 1: Laboratory research & development; St-Georges (SX) ongoing

Stage 2: Collection and shipping of material process at Strategic Metallurgy’s (SX’s partner) pilot plant <4 mos

Stage 3: Preliminary results of SX research

Stage 4: Metallurgical report / feasibility report

Page 14: Developing Economic Lithium in Nevada - Iconic Minerals Ltdiconicminerals.com/wp-content/uploads/2018/...18.pdf · several discoveries including recent finds at Fire Creek Mine, Nevada,

SMITH CREEK VALLEY PROPERTY

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Smith Creek: Active Geo-Thermal Hot Springs

40 miles (64km) long and 9 miles (14.5 km) streams from 582 mi2 (1,507 km2) wide drainage basin empty

Source rocks; quartz-rich volcanics contains anomalous amounts of lithium

Brine evaporate at surface; sampling >470ppm

Gravity low is 9 miles (14.5 km long)

Geothermal location = Potential economic lithium brines

MT Geophysics completed; anomalous brine horizon identified

Page 15: Developing Economic Lithium in Nevada - Iconic Minerals Ltdiconicminerals.com/wp-content/uploads/2018/...18.pdf · several discoveries including recent finds at Fire Creek Mine, Nevada,

SMITH CREEK VALLEY PROPERTY

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MT Geophysics completed; anomalous brine horizon identified

Identified 4.47 mile (7.6 km) long resistivity low brine horizon

Top layer brine anomaly 650-1,600 ft (200-500m) subsurface

Deeper probable brine averaging 1,300ft (400m) interpreted thickness

Page 16: Developing Economic Lithium in Nevada - Iconic Minerals Ltdiconicminerals.com/wp-content/uploads/2018/...18.pdf · several discoveries including recent finds at Fire Creek Mine, Nevada,

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TSX.V: ICM FSE:YQGB

OTCBB: BVTEF

ticker symbol

79.6Mi

Issued & outstanding

$0.125 share price

99.2Mi

fully diluted

14.6Mi

warrants

$12.4Mi

market cap

5 Mi

options

20%

Insider/management

CAPITAL STRUCTURE

Page 17: Developing Economic Lithium in Nevada - Iconic Minerals Ltdiconicminerals.com/wp-content/uploads/2018/...18.pdf · several discoveries including recent finds at Fire Creek Mine, Nevada,

RICHARD R. KERN, M.Sc., P.Geo; President & CEO

30+ years of experience in mineral exploration in the U.S., Central and South America and Australia

several discoveries including recent finds at Fire Creek Mine, Nevada, Moss Mine, Arizona and Bruner

Property, Nevada.

JOE CHARLAND; Director

30+ years of experience in the resource finance and management industry, including investor relations,

corporate finance, mergers and acquisitions, corporate development and corporate management.

RICHARD BARNETT,CPA, CGA; CFO, Secretary

20+ years of extensive accounting experience in both public and private corporations producing oil & gas,

resource & explorations, engineering, and research & development.

HUITT TRACY; Director

22+ YEARS North American venture capital markets for over 22 years. Serving in capacities as stockbroker,

director, officer or investor relations consultant

expertise venture capital industries; advanced technology, IP, telecommunication, bio-technology, energyand mining.

JURGEN WOLF; Director

18+ years of experience with senior level management involved in the mineral exploration industry, and oil& gas companies.

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ICONIC MANAGEMENT TEAM

Page 18: Developing Economic Lithium in Nevada - Iconic Minerals Ltdiconicminerals.com/wp-content/uploads/2018/...18.pdf · several discoveries including recent finds at Fire Creek Mine, Nevada,

CORPORATE INFORMATION

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Head Office:

Suite 303-595 Howe StreetVancouver, BCV6C 2T5

VP Corporate Development: Keturah Nathe(604) 718-2800 ext 312

Website:www.iconicmineralsltd.com